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Figure 41 Illustrates the Demand and Supply Schedules for Pocket Calculators

Question 16

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Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a  small  nation that is unable to affect the world price. Figure 4.1. Import Tariff Levied by a  Small  Country   -Consider Figure 4.1.In the absence of trade, Mexico's producer surplus and consumer surplus respectively equal A)  $120 and $240. B)  $180 and $180. C)  $180 and $320. D)  $240 and $240.
-Consider Figure 4.1.In the absence of trade, Mexico's producer surplus and consumer surplus respectively equal


A) $120 and $240.
B) $180 and $180.
C) $180 and $320.
D) $240 and $240.

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